Strike Energy noted that the Walyering gas and condensate sales volumes increased by seven per cent across the latest quarter.
Walyering sales revenue also increased by 13 per cent to approximately $20 million, according to the company.
At Walyering-7, drilling and testing has confirmed the presence of a conventional gas and condensate accumulation with 23m of net pay.
Strike Energy managing director Stuart Nicholls said this was a significant achievement for the company.
“Strike has finished a productive quarter which included record production and revenue at Walyering, the receipt of major environmental approvals for the West Erregulla gas project and the submission of an application to AEMO for the development of a fully integrated 85MW peaking gas power station at South Erregulla, built on the precinct,” Nicholls said.
“Strike continued to demonstrate the upside in its substantial 3,500km2 Perth Basin position, with a gas and condensate discovery at the Walyering-7 well, the spud of the Erregulla Deep-1 well, completion of the Kadathinni 2D seismic and the receipt of the first data volumes of the exciting Ocean Hill 3D seismic.”
Now, the business looks towards shaping its gas acceleration strategy.
“The business is now focussed on preparing for key milestones in its gas acceleration strategy, including final investment decisions for the West Erregulla field development and the South Erregulla power project,” Nicholls said.
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